(e.g. Lessee will not use Equipment in a certain manner or for a certain activity.)

Repair of Equipment

Lessee will maintain and repair Equipment:

Warranty

Equipment will be used for personal, family or household purposes?

Specify purpose for which Equipment is being rented:

Lessor represents Equipment will be in good working order on delivery?

Lessor represents Equipment is of merchantable quality and fit for its purpose?

Specify purpose for which Equipment is being rented:

Any additional warranty provisions?

How many?

First Provision:

Second Provision:

Third Provision:

Fourth Provision:

Loss and Damage to Equipment

Lessee is responsible for loss or damage to Equipment?

If Equipment is totally lost or damaged beyond repair, Lessee will:

Return of Equipment

When lease ends:

Street:

City/Town:

State :

Zip Code:

Insurance

Insurance is likely not required if the Equipment is inexpensive or the rental is
for a short period of time. Generally, a lessee will obtain insurance when renting
expensive Equipment for longer periods of time or when legislation requires an operator
of Equipment to have insurance.

Lessee will obtain insurance for loss of or damage to Equipment?

Lessee will obtain insurance for public liability and property damage?

Amount:
(e.g. 100.00 or 25,000.00, etc.)

Taxes

Lessee will pay taxes and fees levied against Equipment?
(e.g. Lessee will pay taxes such as property taxes or license fees.
There is no need to specify sales tax.)

Which Taxes and Fees will be paid by the Lessee?
All
Usually Lessee will pay all taxes and fees only if Equipment is rented for a long
time (e.g. for more than a year), and if Equipment is expensive.

Agreements are usually governed by the law of the province or territory
in which they are made or where the Equipment will be used. If you are
unsure of which jurisdiction to choose, a good default choice is the province
or territory in which the Lessee lives.

Lease Format

Lease Format

The Long Version of the Lease includes additional clauses and terms that will
make your lease more precise, able to deal with more situations and easier to enforce.
The Short Version omits those terms that are not absolutely necessary to express your terms.

Information for Lessee

What is the current cash value of the Equipment?

Describe the nature and amount of any value other than Rent that the Lessee
must pay, such as fees or administration charges, as well as any property that
the Lessee may have traded for the Equipment:

What is the total cost of the Lease, including all Rent, charges, fees and property that
will be given by the Lessee to the Lessor over the entire Agreement?

(e.g., if Equipment is rented on a month-to-month basis for $500 per month and there is
a $200 administration fee, indicate that the cost is $500 per month for as long as the
Lease continues plus a one-time $200 administration fee.)

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